Description

The OPA are pleased to present this portfolio block of 4 freehold properties, generating a net assured rental income of £24,750 per calendar month / £297,000 per annum. This newbuild property is generating a staggering 17.5% net rental yield.Briefly comprising of 2 x 5 Bedroom Semi- Detached Houses , 1 x 5 Bedroom Detached House and 1 x 4 Bedroom Detached Bungalow.The properties are to be sold subject to a new hands off lease, leased to a well-established accommodation provider. In accordance with the lease the tenant is responsible for the general internal repairs and maintenance, bills, council tax, rent and there are no void periods for the landlord.ACCOMMODATIONUnit 1Semi- Detached HouseNew-Build5 Ensuite Bedrooms With Tea StationsKitchen DinerRear GardenUnit 2Semi- Detached HouseNewbuild5 Ensuite Bedrooms With Tea StationsKitchen DinerRear GardenUnit 3Detached HouseNewbuild5 Ensuite Bedrooms With Tea StationsKitchen DinerRear GardenUnit 4Detached BungalowNewbuild4 Ensuite Bedrooms With Tea StationsKitchen DinerRear GardenThis property is designed to match the requirements of the housing provider and meet all the relevant regulatory standards. This will include further health and safety and fire regulations with fully interlinked smoke alarms, fire doors, carbon monoxide detectors and fire tested furnishings. A fully functional kitchen is provided with all white goods and cooking facilities included.LOCATIONThe property is conveniently located in a popular highly sought after residential location. Within easy access to transport links, restaurants, shops, and various amenities, as well as schools and hospitals, with easy access to public transport.TENUREThe property is freehold and is let on 7 year hands off lease, generating an assured £24,750 per calendar month / £297,000 per annum.The property will come with a fresh lease, let to a trusted accommodation provider.In Accordance With The Lease the tenant housing provider is responsible for all bills, Council Tax, General internal repairs and maintenance, meaning a totally hands off experience for the landlord. There are no property management Fees and no Void Periods.Please request an NDA from OPA for more information on the tenant company details.VIEWINGSPlease contact OPA for viewings. MATERIAL INFORMATION The OPA have taken reasonable precautions and exercised all reasonable due diligence by asking the Seller of the Property to provide us in writing a declaration of material information regarding a property to comply with the Consumer Protection from Unfair Trading Regulations 2008. However, certain information may be unavailable and/unknown. Any buyer must carry out their own due diligence and rely on their own searches investigations and enquiries in respect of all matters relating to their proposed purchase of this property, to enable them to make an informed transactional decision before proceeding to entering in to the exclusivity agreement on this propertyCOUNCIL TAX BAND(Awaiting council tax bandingEPCAwaiting new EPCMaterial / Construction Standard constructionNewbuildUTILITIES Mains elec, gas, water, SewageHEATINGGas central heatingBROADBANDDrivewayCharge point for electric vehicle.ANY RESTRICTIVE COVENANTS, ANY EASEMENTS, SERVITUDES, WAYLEAVES, ANY PUBLIC RIGHTS OF WAY ACROSS PROPERTY OR BOUNDARIESRefer to property packANY FLOODING IN LAST 5 YEARSNot known.IS THE PROPERTY LISTED?NoCONFIRM EXISTENCE & NATURE OF ANY KNOWN PLANNING OR PROPOSALS FOR DEVELOPMENTC3(b)PROERTY ACCESSIBILITY – ANY STEP FREE ACCESS INC RAMPS/ LIFTS? NoANY WET ROOM/ LEVEL ACCESS SHOWER NoIS THE PROPERTY KNOWN TO BE ON A COALFIELD/ MINING OR DIRECTLY IMPACTED BY EFFECT OF OTHER MINING ACTIVITY No ANY OTHER MATERIAL INFORMATION – informationTHAT MAY AFFECT THE AVERAGE CONSUMER’S DECISION MAKINGRefer to pack.AGENT NOTESDraft details, awaiting vendor approval.BUYERS FEEBuyer's Fee of 2% of The Purchase Price, subject to Minimum Fee £3999 (whichever greater). All fees inclusive of VAT. T&Cs apply. Please request information pack, Buyer’s Guide & FAQs. You will be required to enter into an “Exclusivity Agreement” with the Seller, granting you the Buyer the Exclusive right to purchase the property within the exclusivity period. Please note the Buyer’s Fee is a non-refundable unconditional Exclusivity Fee in addition to the purchase price payable to the Agent upon offer acceptance. The fee is not subject to a cooling off period and is non refundable save in accordance with the terms stated in the exclusivity agreement. Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice. Cash buyers preferred. This is an investment property and will be sold with the benefit of the social housing lease. Cash purchasers preferred. Anyone looking to purchase with finance must ensure that they can complete on the property and the property is suitable for their lender’s criterial.We are advised by the seller that the property is leased to a social housing provider under c3(b) use. HMO licence not required. The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation , lending or anything else. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement. Upon offer acceptance you will not be required to exchange contracts, but will be granted an “exclusivity period” in order to exchange and complete on the transaction. This timescale will generally be 8 weeks, but will be specified in the Exclusivity agreement. (Please note we may be able to negotiate the timeframe, so please discuss with your OPA representative). This is a flexible and buyer friendly method of purchase. By signing the Exclusivity Agreement and paying the Buyer’s Fee, this secures the transaction and takes the property off the market. By paying your fee, that amount may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty land tax liability. The OPA’s “Secure It Now Exclusivity Package” – this is a legally binding agreement between you are the seller. When the offer is accepted, the buyer pays the Exclusivity Fee to the Agent and enters into an “Exclusivity agreement with the Seller”, granting the buyer an exclusivity period, which is usually upto 8 weeks to complete on the purchase of the property. During the exclusivity period, the buyer has the exclusive right to purchase the property, no other offers can be accepted and during this period buyer must complete the sale transaction. If the buyer fails to complete in this period, the fee is non-refundable.IMPORTANT NOTESBuyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice. The Exclusivity fee is a non-refundable fee and unless otherwise stated and agreed in the special conditions of the Exclusivity Agreement, this is unconditional, not subject to survey or valuation , lending or anything else. The fee is not subject to a cooling off period and is non-refundable save in accordance with the terms stated in the exclusivity agreement Buyers should carry out their own due diligence/ investigations and if required seek independent legal/ financial advice prior to entering the exclusivity agreement. Please be advised that this property may have been owned by the current seller for under six months, or the seller may have the exclusive right to sell the property. If you require any further clarification, please speak to a representative of The OPA.MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of The OPA has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale. Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property. Misrepresentation Act 1967:The OPA for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracyStandard newbuild construction